Legislation / Regulation
Condo association calls for changes to help corporations recoup losses
Quebec’s association representing condo corporations is reiterating a call on the newly re-elected provincial government to amend the Civil Code...
GRC policy includes increased compliance costs for rebuild, court rules
Guaranteed replacement cost (GRC) coverage for rebuilding a flooded home in an area regulated by a conservation authority includes the...
Regulating business culture. A “solution in search of a problem?”
In what lawyers are calling a “solution in search of a problem,” Canada’s solvency regulator is seeking input from the...
Will Canada’s cyber reporting be harmonized?
The Insurance Bureau of Canada would like to see a harmonization in Canada on cyber reporting, says Celyeste Power, IBC’s...
Why your clients’ companies need to start ‘friendshoring’ their supply chains
Supply chain disruptions can be circumvented if businesses start to engage in ‘friendshoring,’ one risk expert told the RIMS Canada...
How brokers can prevent D&O clients from getting burned for greenwashing
Investors are increasingly pursuing companies for ‘greenwashing,’ referring to company directors who misrepresent their climate credentials or fail to act...
Global climate disclosure standards will take time and money, P&C industry warned
Canada’s solvency regulator is seeking to harmonize climate risk disclosures with international standards, which some Canadian P&C insurers are viewing...
Alberta’s captive insurance option gets another boost
New Alberta legislation allowing captive insurance companies to set up and domicile in the province has started to bear fruit....
What the regulator’s review of auto insurance health care practitioners uncovered
Ontario’s insurance market conduct regulator took a closer look at how auto insurance health care providers are billing insurers through...
How insurers can trim their environmental remediation costs
Insurers can trim their environmental remediation costs by shopping around for more than one site estimate, recommends Lori Festarini, environmental...
